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I’d love to hear an explanation of what ‘fractional CFO’ means in this specific circumstance; please tell us more?

(Non-OP folks, I’m familiar in a general sense but I’d rather not assume the details, so this request is for OP alone to clarify their question with additional details.)

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A Fractional CFO is a part time executive that is paid on a monthly basis. Between $5,000 and $10,000 in general. They use the accounting numbers to provide forward looking guidance on Cash flow, burn rate, etc. Furthermore, they help with funding, oversee accounting, and teach founders about the financial side of their business.

Eventually helping to bring on a full time CFO when it is needed.

Most of that job description is just “retain a CPA” and they’re already fractional workers across lots of companies. One point is unclear, though: what does “help with funding” involve?

The CPA ensures compliance. The CFO looks forward. Giving founders the numbers and education on the numbers to make strategic decisions.

Help with funding means passing due diligence, many have relationships with PE and VC, and years of network building to speed up fundraisers.

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